Gold is showing potential for a buy. Waiting for the reaction.
-Long term up trend on the Daily and the 4hr.
-Up trend line and down trend line are about to apex.
-Bias towards a buy because of the long term up trend.
-Confirmed up trend channel as price has not neglected its 15%(measured the high and subtracted the low. Took 15% of the total and added it to the low.)
-Just waiting to see what happens. Add to that winner if it rips.
-Purchase more on retracements(only off of the marked price zones)
-Purchase more on breakouts but wait for the retouch.
Thank you for viewing my idea.
Have fun!
-Up trend line and down trend line are about to apex.
-Bias towards a buy because of the long term up trend.
-Confirmed up trend channel as price has not neglected its 15%(measured the high and subtracted the low. Took 15% of the total and added it to the low.)
-Just waiting to see what happens. Add to that winner if it rips.
-Purchase more on retracements(only off of the marked price zones)
-Purchase more on breakouts but wait for the retouch.
Thank you for viewing my idea.
Have fun!
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